Markets are up today as the S&P 500 was able to pop back Above the Pink Line (10-day avg.) last night before the Close, to avoid a Short Term Sell Signal.
The Leading Techs and Semiconductors are acting like they might go back down to re-test Monday’s Lows & the Red Lines (50-day avgs.) again. Then they could have a possible “W” pattern back up to the Highs.
The Money Wave Buy list is growing, which normally means a bounce on the Markets soon. Try to Buy Investments that just made fresh new Highs, and still have Relative Strength Above 90.
Money Wave Buys soon!
The Following Investments will probably have a Money Wave Buy Signal
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY: NONE TODAY
Many Watch List Investments are not correcting down enough to Close in the Green Zone, so we will not have Buy Signals yet.
Money Wave Buy Signals soon: ADSK AUTODESK INC, BBY BEST BUY CO. EXAS EXACT SCIENCES, FBR FIBRIA CELULOSE, JD JD.COM INC, LL LUMBER LIQUIDATORS, PYPL PAYPAL HOLDINGS, UN UNILEVER N V, & VRTX VERTEX PHARM. We will email you when they are ready. Click on WatchList
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
SELLS TODAY:
EXIT WB WEIBO CORP if it is going to Close Below your Buy Price, or $74.52.
Click for PORTFOLIO (Open Positions)
Click for CLOSED POSITIONS
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days. We will not log trades if the Reward/Risk is not at least 2:1.
About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buys.
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– ADSK